NOTES TO THE SUMMARISED AUDITED …

NOTES TO THE SUMMARISED AUDITED CONSOLIDATED FINANCIAL RESULTS BASIS OF PREPARATION AND ACCOUNTING POLICIES The results for the year ended 31 March 2017 have been prepared in accordance with International Financial Reporting Standards, the disclosure requirements of IAS 34, the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee, the requirements of the South African Companies Act, 2008, and the Listing Requirements of the JSE Limited. The accounting policies applied by the Group in the preparation of these SUMMARISED AUDITED consolidated financial statements are consistent with those applied by the Group in its consolidated financial statements as at, and for, the year ended 31 March 2017. There was no material impact on the financial results identified based on management s assessment of the new standards adopted.

DISCONTINUED OPERATIONS AND DISPOSAL GROUP ASSETS/LIABILITIES HELD FOR SALE Following a decision at 31 March 2017 to sell the business of Lalela Music SA Proprietary Limited and Lalela Music LLC, the results of these

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